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NBC
Nov 29, 2012 4:00am PST
cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives
PBS
Nov 29, 2012 3:00pm PST
. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
FOX News
Nov 29, 2012 10:00am PST
meets with congressional leaders ability the fiscal cliff, house speaker john boehner says there's no progress to report. so what now? we'll have a fair and balanced debate just ahead. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. ♪ megyn: well, some good news for new yorkers, and this we're told may be a first. the new york daily news reports that no shootings, stabbings or even slashings were reported on monday. [laughter] congratulations! and while it's rare to go an entire day without such violent crimes near new york, some say it's not a total surprise. you see, the current stats show the nypd is on track to finish 2012 with just over 400 murders reported. that's a far cry from 1990 when more than 2,000 murders were recorded, so, you see, everything is relative here in new york city. just like in your town, right? ♪ megyn: that is the kind of report that makes nana pick up the phone and call me and say why do you live in that city? okay. there is a new government watchdog report just released to congr
FOX Business
Nov 28, 2012 7:00pm EST
street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors moved higher on the day. that is the first time it has happened since october 4th. retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now. >> we all know that we have had this spending crisis coming at us like a freight train. it must be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. i am optimistic that we can continue to work together to avert this crisis sooner rather
FOX Business
Nov 29, 2012 11:00am EST
the president's fiscal cliff plant to republican house speaker john bain and not buying it. he just said white house needs to get serious and the markets are turning lower. also had fiscal cliffs survival kit home additions that you contain right now to prepare. dennis: blamed superstorm sandy. retailers playing the blame game for week november same store sales. analysts already asking what it really the storm or the economy did pull those numbers down? cheryl: we are watching a power ball conference this hour with more details expected on the two winners of the $580 million record jackpot from missouri and arizona. of gone home to buy my ticket. dennis: stocks every 15 minutes, nicole petallides, for the stock exchange where stocks the suddenly lower on more cliffphobia. nicole: i can say in the wall street traders saying every headline out of washington moving this market, fiscal cliff phobia is a good way to say it, whatever you want to call it we have seen so many dramatic moves in the market, a particular companies making moves in preparation or all been wary about the fiscal cliff, let's
MSNBC
Nov 29, 2012 8:00am PST
a fiscal cliff. >> there is a framework that we presented to the white house two weeks ago. the framework has been agreed to in terms of really a down payment on the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year and tax reform next year. but this is way out of balance. and not recognition on the part of the white house about the serious spending problem that we have. >> based on the procespect of going over the fiscal cliff which you just called serious business or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> -- the balance that you talked about, could you include the debt limit increase in the overall package? >> as i told the president a couple weeks ago, there are a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're
FOX Business
Nov 29, 2012 1:00pm EST
over the fiscal cliff, instead congress and the white house, this one happening on twitter. melissa: dennis kneale is covering the story with the latest. i love this one. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats. they been acquired sponsorship rights for my2k, they often see paid messages opposing the obama tax hikes. they run the gamut. some talk about the sudden switch to now playing up keeping tax cuts for everyone else. others make fun of my2k origins. a few samples. obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24
CBS
Nov 28, 2012 5:30pm PST
called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because t
CNN
Nov 29, 2012 8:00am PST
the fiscal cliff, and achieving t the balance the white house says it wants. i made clear we put real concessions on the line by putting revenues on the table right up front. unfortunately, many democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. and mr. bowles himself said there is no serious discussion of spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now,
FOX News
Nov 29, 2012 2:00am PST
that fiscal cliff. so far republicans are sticking to their guns. the white house is stepping up negotiations. tim geithner is set to meet top leaders to look closer at the numbers. mike em an mule has more from capitol hill. >> there's a great discussion about raising taxes. many talk about entitlement reform but with the nation's debt at 16 trillion and counting we asked lawmakers what they are willing to cut to get a deal. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >> harry reid told reporters yesterday he would like to get credit for what congress has previously cut. >> we have already done more than a billion dollars worth of cuts. >> the top democrat in the house took a simila
FOX
Nov 29, 2012 12:00pm PST
does not take action to stop them. going over the fiscal cliff could trigger a recession, some say. >>> mitt romney was at the white house earlier today for a lunch meeting with president obama. his invitation keeps the promise he made when he declared victory on election night to talk with the gop candidate about areas where they have common interests. the two were to talk over lunch in the white house private dining room. the president's press secretary said the president didn't have any particular agenda, and it was closed to the media. >>> out of service. we were hear when police tested this emergency phone. we'll show you what happened and tell you why this phone is just part of a larger problem. >>> more specifics on when the next storm arrives in your neighborhood and how much rain it will bring. >>> as the dump truck continued forward, it hit nine other vehicles, so 11 vehicles totaled. >> a truck crashed in the east bay. the simple explanation for what caused it. >>> an unusual accident involving a big rig. the truck driver said he had a sneezing fit while behind the wheel
NBC
Nov 29, 2012 4:30am PST
white house negotiators head to capitol hill today to continue talks about avoiding the fiscal cliff. tracie potts has the latest on the fight to keep your tax breaks from disappearing. >> reporter: treasury secretary tim geithner and white houlegis chief rob neighbors bring the deficit-cutting plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in negotiation like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is suggesting while negotiations continue on w
PBS
Nov 28, 2012 4:30pm PST
with the president and lawmakers, urging them to compromise on the fiscal cliff. we speak to honeywell's david cote. >> tom: i'm tom hudson. automakers go green. general motors' unveils its newest all-electric chevy spark. >> susie: and what would you do if you won powerball? some advice tonight on how to handle winning $550 million. >> tom: that and more tonight on "n.b.r." >> susie: a parade of business leaders in washington today to persuade president obama and congress to avoid the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the
CNN
Nov 29, 2012 12:00am PST
that allowed him to the white house. our discussion on the fiscal cliff, aweterity masquerading, i hope he will remember the mandate he has from the people. who put him in the white house. i hope he remembers that budgets are moral documents. say what you say, but you are what you are. you put your budget onley table, we'll see what you think of women and children, those suffering community. african-american unemployment, completely off the charts. hispanic community, not doing much better. i saw a number today, as a matter of fact, piers, the median net worth in this country is now at the level of 1969. from 1983 to 2010, the top 1%, their median income dropped 71%, their median net worth jumped 71%. the rest of the country at 1969 levels for median net worth. the president has to understand that. he can't cave in on the debate with the republicans in washington. >> who do you think the gop should turn to now to try to become more electable. putting aside your preferences. where should they go? be braver this time, have a vp pick of condoleezza rice or marco rubio? what should they be thi
CSPAN
Nov 29, 2012 10:00am EST
leaders about averting the fiscal cliff and achieving the balanced approach the white house says it wants. and i made clear that we put real concessions on the line by putting revenues on the table right up front. unfortunately many democrats continue to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. mr. bowles himself said yesterday there's been no serious discussion on spending cuts so far. and unless there is, there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only one was a balanced plan to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address our country's debt crisis and get our economy going again and create jobs.
CNN
Nov 29, 2012 1:00pm PST
and republican side on the fiscal cliff. some breaking news on what the white house asked for and whether republicans are going to give it to them. we're going to talk about that. back to you. >> we'll be watching you top of the hour. thanks so much. >> up next, the vice president of the united states, joe biden, goes shopping and eating. >> get fat just walking through this store. >> the vp visited costco, but needed some help with his shopping list. jeanne moos shows us why. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million membe
CNBC
Nov 29, 2012 9:00am EST
the fiscal cliff, many high income earns are taking steps to sell their houses, stocks and even businesses before the end of the year. you're going to name names? >> one of the advantages of being wealthy is that you could manage your income around taxes and the wealthy are doing a lot of income managing right now, with tax rates scheduled to go up next year for capital gains, dividends, salaries, they are racing to take their gains before january 1. many rich entrepreneurs, they have their own private companies, if they planned to sell those businesses anyway this year, they're struggling to do it now. george lucas sold his -- a broker in miami told me that the sale of a $38 million home is -- wealth advisers tell me the rich are also churning or selling stocks if they have a large gain, they're taking that now. we're seeing that selling pressure in the market, you guys have been talking about that a lot recently. some of the biggest money is coming from dividends, both private and public companies. taxes on dividends could more than triple next year, more than 100 companies have already
CNN
Nov 29, 2012 2:00am PST
a private lunch at the white house today. it suspected they will be sharing ideas about the fiscal cliff and growing speculation there may be a role for romney in the obama administration. >>> if you played powerball in arizona and missouri, you could be filthy rich. two tickets, one in each state, matched all six numbers. the holders will split a record $588 million. >> how long do you think before they come forward? >> i don't know. i would wait personally. >> a couple weeks, yep. >>> new york city nanny accused of murdering two children in her care has pleaded not guilty to those crimes. the killings of the children last month sent shockwaves throughout a city where many working parents rely on nannies to watch their kids. it sent shockwaves across the nation. yet's hearing took place in a hospital where the nanny is being treated for self-inflicted stab wounds. >>> seattle police released dash cam video of a suspect allegedly beaten by officers during his arrest. he was held down on the back on the hood of a car. his attorney says excessive force was used. >>> the retail chain has be
FOX News
Nov 29, 2012 8:00am PST
, saying he is slightly pessimistic. he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most
ABC
Nov 28, 2012 4:00pm PST
coming to a fiscal cliff. this just hours after she spoke at a women's dinner here is what she had to say. >> we need to grow our mobile expertise really quickly. one of the things we concluded is that yes, we need to hire one by one, won't it be great if we got shrugs of people that were a team, already knew how to work together? so we've been looking at aqua hires, we've done our first one. >> in addition, myer says yahoo will possibly look to partnership was other companies. more bad news on the hewlett-packard front. deals with the falout with autonomy write down, moody's cut the ratings today, three level as above junction status. moody's says it's worried about hp ability to compete as well as numerous execution challenges. and apple is winning in the netherland. a dutch court banned sale of some gal yachlsy product that's allegedly infringe on the apple photo navigation patents. the ban only applying to older products that don't run on updated photo galleries but samsung still going to have to pay apple $129,000 for every day it violates the ruling. a check in on how stocks are tra
ABC
Nov 29, 2012 4:30am PST
-called fiscal cliff. they will discuss now to avert tax increases and spending cuts due to begin in january. >>> little progress in talks between the white house and house speaker boehner. >>> if you the past few days wishing you had -- california may be getting into the big game power ball played in 42 other states. lottery officials meet today expected to adopt regulations to join power ball on the heels of the staggering jackpot of 579 million dollars two winning tickets were drawn, sold in arizona and missouri. california retailers could begin selling the $2 tickets next year would it bring in 90 to 120 middles to help supplement education spending in -- million dollars to help supplement education in -- spending. >>> let's see if we are winners the weather race today. i think we are if you count raindrops. >>> we are still looking at two bigger storms headed our way, light showers this morning, live doppler showing most activity in the north bay up through cloverdale, ukiah, a few showers offshore also napa and snow may. if you are headed out highway 101 and 121 on the wet side, be car
FOX News
Nov 29, 2012 3:00pm PST
house is saying spending cuts will likely be included a final fiscal cliff deal, the devil is in the detail. what is to be cut. there are plenty of places to look. >> while democrats and republicans were speaking over each other at dueling press conferences -- >> the spending is out of control. >> now is the time for the republicans to move past the happy talk about the revenues. put specifics on the table. >> nonpartisan citizen against the government waste laid out specifics to identify 392 billion in spending cuts next year. $1.8 trillion in cuts in five years. >> it's close to the $4 trillion figure that is thrown around as the objective for the discussions on reducing deficit. >> agricultural spending alone they found $85 billion in savings. it suggests eliminating the rural utility service, legacy of the roosevelt era. rural america is now electrified. killing that service could save 44 billion of the five years. eliminate ethanol subsidiarie subsidiaries. they cause farmers to grow corn for food not fuel. i would save $30 billion in five years. eliminate sugar subsid
CNN
Nov 28, 2012 9:00pm PST
to the white house. again, the so-called fiscal cliff, austerity masquerading, i hope he remembers the people that put him in the white house, the mandate. and that budgets are moral do t documents, you can say what you say, we'll see what you are, you can say what you think of women, the suffering, african-american communities. completely off the charts. the hispanic community not doing much better. i just saw a number today, in fact, piers, the median net worth in this country is now at the level of 1969. from 1983 to 2010, the top 1%, their median net worth jumped 73%, the rest of the country, we're now at 1969 levels for median net worth. the president has to understand that. he can't cave in on this debate with these republicans in washington. >> who do you think the gop should turn to now to try and become more electable. putting aside your obvious preferences. where should they be going? should they have had a vp pick of a condoleezza rice, or a marco rubioo. >> well, first of all -- >> it is always healthier. >> sure, i agree, i agree in competition. i like real contests. so i want t
PBS
Nov 28, 2012 7:00pm PST
over avoiding the fiscal cliff. and the major stock indices head higher. the s&p 500 began the session by moving lower, hitting its lowest level of the day in the first hour. it moved into the green for the session the same hour president obama said they may have a fiscal cliff deal by christmas. the index finished at its high of the day, up 0.8%. volume grew from yesterday's pace. 708 million shares traded on the big board, just over 1.7 billion on the nasdaq. it was the consumer sector that was the hottest, with discretionary stocks up 1.3%. the energy sector gained 1.1%. industrials gained 0.9%. retail stocks were on the buy list for traders and investors with stores appealing to a broad array of shoppers. moving higher, there was the sector leading gains of j.c. penney, rising 4.6%. volume was more than double with the stock bouncing off three year lows hit last week. the company has struggled to remake itself with fewer promotions. and then there's luxury goods company coach. it gained 4.4%. last week, the stock fell to a three-month low as it has trended lower since the spring. o
MSNBC
Nov 29, 2012 1:00pm PST
for campaign style events on the fiscal cliff. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> speaker boehner said the president needs to get serious about what spending cuts he's willing to make. but that was news to senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him, okay? >> he's not alone. all this comes as treasury secretary tim geithner held separate meetings today with boehner, reid, nancy pelosi, and mitch mcconnell, and over at the white house spokesman jay carney said the debt ceiling should not be a pawn in any kind of fiscal gamesmanship. >> asking for a -- that a political price be paid in order for congress to do its job to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible.
PBS
Nov 28, 2012 6:00pm PST
house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promoted tweet, which means theirs goes to the top of the list and it says "four reasons why warren buffett" the ally of the white house on this "is wrong on tax hikes." >> but the interesting something that now any time anyone types up on twitter "my2k" which was a white house-created hashtag, you get the heritage foundation. >> among oth
CNBC
Nov 29, 2012 1:00pm EST
after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we
FOX Business
Nov 29, 2012 5:00pm EST
. the mortgage interest deduction could be on the chopping block as part of a fiscal cliff deal. will this kill any incentive to buy a home and the housing market right along with it? we'll take a look. >>> a new report that exxonmobil has a oil shortage going on. its oil and gas output is at a 3-year low. we'll tell you why and whether you need to worry about more industry giants suffering the same fate. >>> put your money where your mouth is. a rapper offers a mill dollar reward for the lost laptop. when it is found he refuses to pay up. the financial fight goes to court. you won't believe who the jury has singing the blues. even when they say it's not it is always about money liz: all right. first let's take a look at the day's market headlines, will they or won't they? this is worse than an episode of "friends" i have to tell you. mixed signals from congressional leaders sent stocks whipsawing but all the major indices rose at the end of the day. the dow closed 36 points. it is something, come on. >>> research in motion hearing words they're not used to, buy. goldman sachs upgraded company
FOX News
Nov 29, 2012 6:00am PST
: in part with a hashtag. my 2k. the white house is saying if the u.s. goes off the fiscal cliff it will cost the average middle class family $2,200 a year and they want middle class social media users, twitter users who don't want that to happen to get online right now. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. right them an email. post it on their nice book walls. you can tweet it using the hashtag, my 2k. >> reporter: as you heard at the top of the show treasury secretary timothy geithner is going to be on the hill today. one of his meetings will be with senate majority leader mitch mcconnell who just said, we are eager to hear the administration's specific plans for protecting jobs and growth by reducing the national debt, reducing washington spending and preventing a tax hike on every american taxpayer. so, bill, the two sides are talking to each other but it does sound li
CNBC
Nov 29, 2012 6:00pm EST
do go over the fiscal cliff that will take the whole market down, so you put this on a shopping list that could give you a terrific entry point. i think the cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is real ogy, and only if it comes down. how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, the current valuation a dollar benine book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgages reits, that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i think it's an okay buy. john in oregon, please. >> caller: boo-yah, jimmy, how are you? >> boo-yah back at you. >> caller: residential 4078 builders, i bought in about s
NBC
Nov 28, 2012 5:00pm PST
%. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god, family and yahoo. adding, quote, the baby's been way easier than everyone made it out to be. so those have been the two really terrific surprises. the kid has been easier, and the job has been fun. >>> for the second straight day, heroic actions saved lives from a burning vehicle. the good samaritan in this case jesus hernandez saw an rv on fire in east san jose. it happened this morning, and he heard screams for help from that rv. he grabbed a garden hose and was able to open the door and help two women out of the rv. when firefighters showed up, they pulled out a 4 week old pit bullpuppy from the fire. investig
CNN
Nov 29, 2012 4:00am PST
comments made by president obama and house speaker john boehner, both expressing optimism on fiscal cliff negotiations in the washington. in a new report from the congressional budget office it says more than half a trillion has been spent on jobless benefits over the past five years. $520 billion in jobless benefits in five years. also part of the debate, whether to extend the deadline to file for additional unemployment benefits beyond the end of the year. spending on food stamps is rising. nearly 15 million households received food stampses in 2011, up 10% from the year before according to new data from the census bureau. it shows you the far reach of the government right now in the safety net in supporting american families. all of that at the core of the debate of what's happening with the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lotter
CBS
Nov 29, 2012 4:30am PST
hill today in an effort to avoid that dreaded "fiscal cliff." tim geithner and rob neighbors plan to visit separately today with the four house and senate leaders to find common ground on averting a series of tax increases and spending cuts scheduled to start in january. >>> president obama will have lunch in a couple of hours with mitt romney. it will be the first time the two have met face to face since their final debate shortly before this month's election. the event at the white house will be private. no aides will be present. no media will be allowed. it would be fun to be there. >> no kidding and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive pled not guilty to criminal charges in the deadly deepwater horizon
MSNBC
Nov 29, 2012 6:00am PST
with the white house to avoid a fiscal cliff. cnbc's becky quick is here. what has more impact? the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> th
Current
Nov 29, 2012 3:00am PST
. with the senate and the house and the white house trying to get together on how to avoid the fiscal cliff. give us a call at 1-866-55-press. and president obama with an unusual guest for lunch at the white house today. none other than mitt romney himself. tagg, by the way, was not invited. secret service says he couldn't bring tagg along with him. no photographers will be allowed. no alcohol will be served. the white house has not released what the agenda will be but they did release the menu. mitt romney will be served a healthy helping of crow. can't wait to see that. we'll be right back here. but first let's get all of the latest today's current news update from lisa ferguson out in los angeles. hi lisa, good morning. >> hey bill, good morning everyone. the election may be over but many of president obama's supporters are not ready to call it quits just yet. obama for america is out with a new poll this week surveying one million obama voters and they found 80% want to continue volunteering. that will most likely be
CNBC
Nov 29, 2012 4:00pm EST
? this constant focus on the fiscal cliff, obviously, it's been dictating sentiment. it's been dictating markets. are there other areas that investors should be looking at? >> well, i had a guest this morning, dr. saunders, who's testified on issues regarding housing, fha, in front of congress. he knows what he's talking about. he brought up what many of us are looking at. a lot of -- you know, real estate, residential construction was one of the positives in today's gdp report. we've seen a lot of positives in housing. but there's been a lot of legal ranging over a big group of foreclosures that looks like it's cleaned itself up. 2013 could see a lot of these dumped in the marketplace. i think housing is an area that we've seen progress, but it still might have a sluggish 2013. i really agree with our guest on high-yield munis. remember, there has been talk that one of the reforms, one of the loopholes they may close is some of the tax treatment of munis. i personally don't think it will happen, but it is an issue to be on top of. >> all right. let me ask you guys the same question, jordan and
NBC
Nov 29, 2012 11:00am PST
former running mate, congressman paul ryan who is working on fiscal cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me
KRON
Nov 29, 2012 7:00am PST
to capitol hill to find out the conditions of the looming fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old girl and a another 15 year-old were found shot to death about 6:00 in the morning in east oakland. they have been hit by multiple gunshot loans. if they stated that they do not have a modem and they do not know why these girls were on the street along. no arrests have been made. >> oakland police are asking for your help. there is a 16 year-old girl walked away from a group home on coolidge ave. if the staff followed her but then they lost sight of her. she is considered at risk because even though she is set at 16 years of a her capacity is of a nine
CNBC
Nov 29, 2012 4:00am EST
, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can re
FOX Business
Nov 28, 2012 9:00pm EST
congressional leaders and the white house to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y very much. gerri: president with strong words for congress. here's what he had to say. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. right now, as we speak, coness can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the sen
CNBC
Nov 29, 2012 5:00pm EST
a copy of the white house's proffer here in the fiscal cliff negotiations. this is the proffer that apparently treasury secretary tim geithner was talking to republican leaders about today. wall street journal citing a number of specifics from this proposal. let me walk you through them and lay out the implications starting with what aides describe as the white house wanting $1.6 trillion in tax increases up front as part of any new deal. the white house wanting to continue the payroll tax credit or similar policy. the white house saying that it wants a permanent increase in the debt limit and pushing a one-year extension of jobless benefits plans. this one will be the kicker, i think, to any deal that might or might not get hashed out on capitol hill. "the wall street journal" reporting that republican aides are saying that the white house would like to see at least $50 billion in new spending to spur the economy. so in a debate we're seeing over spending cuts, "the wall street journal" now reporting at the top of this hour that the white house would like to see $50 billion in
ABC
Nov 29, 2012 5:00am PST
for separate talks on the so-called fiscal cliff. they will discuss how to avert a series of tax increases and spending cuts due to begin in january. there's been little evident progress in talks between the white house and lead gop negotiator, house speaker boehner. >>> if you the past few days wishing you lived somewhere that has power ball, you may get your wish. california may be getting in on the big game, already played in 42 other states. lottery officials meet today and are expected to regulations to join power ball on the heels of staggering jackpot of 579 million dollars. two winners, arizona and misery -- arizona and missouri. >>> 5:36. let's see what is going on with the weather. . >>> good morning. up in the north bay, clover lake, clear lake, dry creek road light showers will continue to increase throughout the afternoon south afternoon novato into san rafael, light showers, lucas valley road, damp, winds are breezy this is in advance of this next system, look at this these thunderstorms offshore, these are going to stay north, we are looking at this line of heavier rain to m
FOX Business
Nov 29, 2012 3:00pm EST
speaker banner expressed his feelings on the fiscal cliff. we are talking budgets and essential programs. how is the state of utah handling all of this wow it is day four. we welcome utah governor in a fox business exclusive. welcome, governor. we begin by asking all of our governors, what are you doing? what action are you taking in advance? >> well, we have done what is proper and prudent. we live within our means. we do not have unnecessary debt. we have a rainy day surplus funds. that helps insulate us against some of the ups and downs of the market place nationally. our unemployment rate has dropped to 5.2. we are creating jobs. we are growing wealth in the private sector. our personal income is going up also. we are doing things that they ought to be doing in washington, d.c. liz: in the next three weeks, as you have meetings with your staff, you tell me, we talked about, for example, they have to prepare two separate budgets. how are you expected to be affected if, for example, 30% of your budget comes from federal funding, what if that goes away? >> 80% of that does not impact us
KRON
Nov 29, 2012 4:00am PST
is sending representatives to capitol hill to find a solution for the impending fiscal cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri in both matched all six numbers. arizona lottery officials said they have no information on the winter. they look at now is where it was sold at a press conference. two very lucky ticket holders. >> authorities have released the two names of two teenage girls were shot and killed during a weekend in oakland. 16 year old bobbysartan and 16 euro raquel gerstall will found 6:00 a.m. sunday morning with multiple gunshot spirit please do not have a motive for the killings now. they do not know why the girl for on an
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